Hearing the 1pm news, I suspect that for many of the 1,400 car owners/drivers who have torched vehicles, this is just this start of their nightmare. It is unprecedented in scale, and so far the insurance world has been strangely silent.
Will insurance companines want proof of VIN numbers - which may need forensics help - to match with V5Cs before they pay out? And that assumes the wreckage can be recovered, given concerns over the building being unsafe.
How long will those who own cars have to wait for a payout? Those with lease cars may get a replacement sooner, others will struggle.
There maybe a few who wish they'd taken out GAP insurance if their cars are on PCP, HP or personal loans.
Will Insurance co's be realistic on market value payouts, with the addition of personal belongings etc. or wil they drag their feet and be picky - knowing what insurance companies can be like.
I feel quite sorry for those who have lost everything, it's a real shame. That said, I can see the accident management companies rubbing their hands with glee, and also used car salesman may see January in a new light. I suspect the net result will be that everyone loses somewhere along the line. I also find it shocking that such devastation can stem from one car and it does raise issues on car park design, sprinklers and fire breaks.
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